🚨 $NEAR $NEAR ‌ just flashed a weird signal, did you catch it?
NEAR has been absolutely crushed since hitting that 2.624 high. Look at that massive cascade of red candles. Ouch.
It's been grinding lower all day, and it found a temporary bottom right around the 2.306 level, which is the 24h Low. That's a key support line now.
The interesting part is the current bounce. We're getting a small green candle trying to push back above 2.40. It's not the strongest reversal, but it's something.
I'm seeing a possible short-term trade here. If it can hold 2.38, we might see a small relief rally back up to the first resistance near 2.48. That was the level it struggled to hold on the way down.
However, the overall trend is still down. This could easily be a dead cat bounce. Trade with a tight stop loss if you're trying the long side here.
Is this a bottom or just a pause before the next drop?

#near #BuyTheDipOrWaitNow?